Ferguson’s (FERG) Neutral Rating Reiterated at UBS Group

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UBS Group reissued their neutral rating on shares of Ferguson (LON:FERG) in a research note published on Thursday, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 6,600 ($86.24) price target on the stock, up from their previous price target of GBX 6,500 ($84.93).

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group increased their target price on Ferguson from GBX 6,127 ($80.06) to GBX 6,702 ($87.57) and gave the company a buy rating in a research note on Thursday, August 8th. Peel Hunt reiterated an add rating and set a GBX 5,430 ($70.95) target price on shares of Ferguson in a research note on Tuesday, October 1st. Bank of America cut Ferguson to an underperform rating and increased their target price for the company from GBX 5,000 ($65.33) to GBX 5,500 ($71.87) in a research note on Tuesday, August 27th. Peel Hunt reiterated an add rating and set a GBX 5,430 ($70.95) target price on shares of Ferguson in a research note on Friday, September 27th. Finally, Barclays reiterated an overweight rating on shares of Ferguson in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 6,009.81 ($78.53).

Shares of Ferguson stock traded up GBX 92 ($1.20) on Thursday, hitting GBX 6,370 ($83.24). 1,406,346 shares of the company’s stock traded hands, compared to its average volume of 656,008. The stock has a market cap of $14.52 billion and a P/E ratio of 10.56. The company has a quick ratio of 1.02, a current ratio of 1.84 and a debt-to-equity ratio of 60.47. The firm’s 50-day moving average is GBX 6,040.36 and its 200 day moving average is GBX 5,638.25. Ferguson has a 52-week low of GBX 4,594 ($60.03) and a 52-week high of GBX 6,601 ($86.25).

The company also recently disclosed a dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, October 24th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Thursday, October 24th. This is a boost from Ferguson’s previous dividend of $0.63. This represents a yield of 1.91%. Ferguson’s dividend payout ratio (DPR) is 0.25%.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (LON:FERG)

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